The top 1% of taxfilers living in Ontario boasted the highest average income of $487,100 in 2014
Year-to-date net sales are about half of what they were in 2015
Although the MFDA’s processes are “effective, efficient and applied consistently and fairly,” it could take a harder line against registrants
The U.K. regulator is proposing reforms designed to improve competition in the market, including a stronger duty on asset managers to act in the best interests of investors
Updated lists of global systemically-important banks and insurers will be released next week
However, 2016 has been relatively slow for private equity given the “high relative valuations in the current environment”
These companies, which are not registered in Canada, “may be engaging in illegal activity,” the regulator advises
The discussion will focus on examining cybersecurity in the securities industry and possible approaches to dealing with cyberattacks
The bill also includes provisions to dissolve the Ontario Retirement Pension Plan (ORPP) Administration Corp.
Although regulators don’t oppose these arrangements, it stresses that dealers and portfolio managers must satisfy their regulatory obligations